Erin Nicole Davis is a born and raised Toronto writer with a passion for the city and its urban affairs and culture.
If you grew up or lived in Toronto any time before about 2010 you’d likely have considered anywhere north of the intersection of Bloor and Yonge to be uptown. Now, Yonge and Eglinton, for example, which sits about four kilometres north of Bloor and Yonge, is considered midtown. Furthermore, Toronto has seen new neighbourhood names – like Davisville Village, for one – pop up in the past few decades.
Toronto-based realtor Davelle Morrison of Bosley Real Estate Limited agrees that it’s time for TRREB to update its districts. “Take what is known as South Riverdale; it’s really Leslieville and I think consumers would prefer to see that name vs South Riverdale,” says Morrison. “As for some of the new condos classified as ‘Thorncliffe,’ they should be designated in the Leaside area instead so they can move away from the negative connotations.
With that said, Ingram also believes a little neighbourhood classification revamp from TRREB wouldn’t hurt. “Would TRREB's MLS be better with the new neighbourhoods? Absolutely,” says Ingram. “For example, it would be nice to separate out Liberty Village condos from something on Richmond St, instead of that all currently lumped under Niagara. But I don't think people are having trouble finding what they are looking for right now.
As for whether or not the name of your neighbourhood affects the price of your home, according to mortgage broker Ron Butler, the answer is rarely, if ever. “Most appraisals in the GTA work comps in a 10- block radius and often don’t consider precise neighbourhoods,” says Butler. “These sort of neighbourhood specific discussions mean a lot to real estate agents but not nearly as much to appraisers.
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